I had a friend message me today about Beurax.
I thought it might be helpful to walk you through how I determine whether or not Beurax is a legitimate opportunity or a Ponzi scheme.
So the first thing I did was click on the link to the website. This is what I saw:
After going back and forth a couple of times on text, it became apparent that the site was not available in the United States.
Red Flag # 1: The company website seems to work in Canada (where my friend lives), but not in the United States (where I live).
Next, I did a Google search for the company. Here’s what came up:
The first entry is the company website, but the next 2 entries suggest Beurax is a Ponzi scheme.
Red Flag # 2:: Google search results suggest the company is a Ponzi scheme.
Next I looked closer at the Google search entry for Beurax. These words stould out to me immediately:
“Daily profit 1.4 – 3.5% per day.”
Red Flag # 3: Income claim with implied (guaranteed) results.
Now, because I couldn’t access the website, I decided to check out some of the review sites.
BehindMLM – while I don’t always agree with every conclusion the site makes, they do a very good job providing data and information.
BehindMLM brought up a handful of very interesting points:
Beurax provides no information on its website about who owns or runs the company.
A marketing video on Beurax’s official YouTube channel features “Brandon Watts”.
Watts is cited as founder and CEO of Beurax. He is played by an actor with a distinct eastern European accent.
In the video, straight off the bat Watts is shown driving a left-hand car. Australia drives on the right-hand side cars.
The actor playing Watts has a strong eastern European accent. The video is shot in rented office space.
Considering Brandon Watts doesn’t exist outside of Beurax’s own marketing material, he’s a prime Boris CEO candidate.
Interesting stuff. BehindMLM is claiming that the CEO doesn’t really exist. Since BehindMLM made their post, the CEO video has disappeared. If true, this is an obvious red flag.
Intriguing information can also often come from the comments on these sites. One of the ways people defend illegal pyramid and Ponzi schemes is to say that they made money. Let me be clear on this one. Profitability, especially at the early stages of a Ponzi scheme does not make it legitimate.
From a site commenter:
They do pay out. A friend recruited me and I found this site doing research. She started at the end of Nov and has pulled out $60k USD profit so far in under 2 months. Affiliate / MLM does not necessarily mean a Ponzi scheme.
It’s a funny argument because you can use the same argument for selling drugs.
“Selling drugs can’t be illegal, because I make money doing it.”
Seems like an obviously insane statement, yet it’s exactly the same thing people say when attempting to legitimize an illegal scheme.
Everything screams scam and Ponzi scheme with this company. My recommendation is AVOID.
Subscribe to The MLM Blog Letter
While investing in Bitcoins, be cautious. If your Bitcoin get stolen, then It can be a very frustrating time but instead of getting frustrated, it is important to act fast so that you can get your money back. Unluckily, there are many victims that do not get their money back because it is very difficult to track down the people behind it. The thief is either in another country or-using fake identities. But in some cases, it is way easy to track the person who has stolen your Bitcoin. Tracing Bitcoin is not hard for a Bitcoin forensic specialists. Reach out to cointrace AT aol DOT com for more enquires.
I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Raymond that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week. You can contact him at raymondjude0@gmail.com and he will assist you on the steps to recover your invested funds. Good luck as you contact him for help..